Additional notes

Transactions with related parties

The following table provides the details of transactions that have been entered into with related parties for the relevant financial years. All transactions with related parties were made on terms equivalent to those that prevail in arm’s length transactions.

RELATED PARTY TRANSACTIONS

Fund Management fee

The ARC Fund’s management fee has been paid to the Fund Manager, Amvest REIM B.V.

Transactions with direct stakeholders

The Investors of the ARC Fund and/or their shareholders or regulators did not have any personal interest in investments by the ARC Fund in 2024. As far as the ARC Fund is aware, no property transactions took place during the year under review with persons and/or organisations that can be regarded as direct stakeholders of the ARC Fund, other than as mentioned in the paragraph “Transactions with related parties”.

Off-balance sheet commitments

As at 31 December 2024, the ARC Fund has obligations with respect to new investment property to be developed in future years. The total amount with respect to these obligations for 2024 onwards adds up to EUR 145 million.

Off-balance sheet rights

In 2024, the ARC Fund has received 1 subscription form (2023: 0 forms). The total amount of off balance sheet rights for 2025 amounts to EUR 30 million relating to an undrawn commitment from the new participant which subscribed in 2024 (2023: EUR 0).

Auditor’s fee

With reference to Articles 2:382a (1) and (2) of the Dutch Civil Code, the following fees for the financial year as well as the previous year have been charged by KPMG Accountants N.V. to the ARC Fund.

Auditor’s fee

Subsequent events

There were no significant subsequent events at the reporting date that require reporting.

Amsterdam, the Netherlands, 16 April 2025

G.N. von der Thüsen, Director Finance and Risk

D. Anakram, Portfolio Manager